The Best Way for First-Time Homebuyers to Search for Their Dream Home

Here’s the best way for a first-time homebuyer to search for their dream home: with a priority list. Being a first-time homebuyer can be daunting, but a priority list can be the best way to help homebuyers with their search for their dream home.

To get started, homebuyers should narrow their choices by writing down everything they’d love to have in a new home. Once this list is finished, homebuyers should prioritize with a real estateagent so it is possible to start searching for a new home with these elements that fit the budget.

A homebuyer’s list should include these four key elements: location, size, amenities and condition. Asking these important real estate questions will help future homeowners determine the specific home features their family wants and needs now and in the future.

For location, homebuyers should think about where they like to shop, where their children will go to school, where they work and where their friends and family live.

With size, homebuyers have to think about the number of bedrooms they want, how big of a backyard they’d like and what kind of storage space they will need. If your family plans on staying in the home for five or more years (and you should), you’ll need to plan for the future as well. Will you have children? Are your children moving out for college? Do you want to get a dog or start a business with an in-home office?

Amenities include all the great extras homebuyers would like to have, including a garage, swimming pool, fireplace and hardwood floors. This is the area where homebuyers may need to compromise the most for the sake of their budget. It is a good idea to be realistic and keep in mind that it is always possible to renovate a new home in the future, but homebuyers should not be afraid to dream big and be honest with a real estateagent about what they desire. After all, it could be out there.

For condition, homebuyers should consider whether they want a home that’s in move-in shape or is a fixer-upper? A new home could cost more but a fixer-upper could require a big time investment.

People looking for a new home have a lot to consider. Priority lists are a great first step toward better communication between families and real estate agents.

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Real Estate Agent

A Real Estate Agent is an individual licensed by the state, who acts on behalf of the seller or buyer. For his or her services, the agent receives a commission, which is usually expressed as a percentage of the sales price of a home and is split with his or her real estate firm. A real estate agent must either be a real estate broker or work for one.

Real Estate

Real Estate is land and anything permanently attached to it, such as buildings and improvements.

Location

Location is where a property is geographically situated. "Location, location, location" is a broker's maxim that states that where the property is located is its most important feature, because you can change everything about a house, except its location.

Agent

An Agent is an individual who acts on behalf of a consumer. A real estate agent represents a buyer or a seller in the purchase or sale of a home. Licensed by the state, a real estate agent must work for a broker or a brokerage firm. An insurance agent helps a consumer purchase an insurance policy. Insurance agents are also licensed by the state.